Signiant celebrates unprecedented growth in 2018
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Joseph O'Halloran
| 15 January 2019

As a result of its strategy to increase its media footprint as the company moves beyond file transfer, Signiant announced record business growth in 2018 with new highs for key software-as-a-service (SaaS) metrics.

The company says that the growth has been fuelled by expansion of the SaaS platform— which now has With more than 400,000 endpoints and systems connected — to support a broader array of use-cases for any sized media organisation, a ‘massive’ media footprint that is creating a powerful network-effect and an industry that continues to evolve to larger file sizes, more complex workflows and greater demand for enterprise-grade security.

Signiant noted that year-on-year SaaS platform growth (annual contract value) of 46% makes it one of the fastest growing technology companies in the media and entertainment industry. Other key highlights for the year include 22% year-over-year total bookings growth, again in terms of annual contract value; 71% year-over-year new and expansion SaaS bookings growth; 90+% gross renewal rates of SaaS products; 110% net renewal rates for SaaS; 100+% growth across users and endpoints across its SaaS platform surpassing the 400,000 mark.

“We’re thrilled to celebrate a record year and are already working to continue that trend in 2019,” commented Signiant CEO Margaret Craig. “Our success was driven by the increasingly central role that Signiant solutions play in our customers’ businesses, connecting their entire content supply chain. Media companies of all sizes have embraced our unique SaaS platform and that has paved the way for Signiant to expand beyond fast file transfers to become a trusted network that is connecting the global media industry.”